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gabmen
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February 08, 2019, 02:06:52 PM |
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When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018. Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017. |
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Yaunfitda
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February 09, 2019, 11:21:44 AM |
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When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018. Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017. I'm sure those who got REKT has learn a valuable lessons here. We have seen the bullish trend already, and now this bear market is something new to everyone and those who still thinks that the market can bounce back soon is very wrong and got REKT along the way. Of course we really need to be prepared because that's what makes the difference here. If you continue to trade with emotions they sooner or later you will be REKT. But if you study and prepared and learn some valuables lesson then, I'm sure there will be a time that you can win in this market. |
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mostcrack
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Activity: 548
Merit: 12
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February 10, 2019, 03:17:40 PM |
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the lesson I took from this dump or this bear market. always take the positive side of what's happening. I prefer to use this difficulty to be an opportunity. that is by utilizing market prices that are being dump by investing more. because I believe, that from every difficulty we are facing, there must be a good gap for us to take
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budiarmed
Copper Member
Jr. Member
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Activity: 381
Merit: 1
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February 10, 2019, 06:56:58 PM |
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Bulls and bears are just a market movement, and with this long decline I learned to be patient in order to avoid losing.
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Febo
Legendary
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Activity: 2730
Merit: 1288
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February 11, 2019, 03:53:04 PM |
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Lesson from the prolonged bear market.
If bottom happened 2 months ago then this bear market was not prolonged. It was almost totally same length as the one in 2014. 13 months. Prolonged bear market would happen if it would last until second half of his year. That would give us bull market to start only at end of 2020. |
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Ararbermas
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February 12, 2019, 05:35:54 AM |
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Only invest what you can afford to lose.
true to prevent regrets at the end. Which is always stop assuming also that you can gain more profits if you've enough or if you already achieved your target, must sell off immediately!! 'cause market always suddenly fluctuate without any sign, so be smart to avoid regrets and always make a strategies for the safety of your post. |
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adaseb
Legendary
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Activity: 3752
Merit: 1710
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February 12, 2019, 08:05:06 AM |
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Lesson from the prolonged bear market.
If bottom happened 2 months ago then this bear market was not prolonged. It was almost totally same length as the one in 2014. 13 months. Prolonged bear market would happen if it would last until second half of his year. That would give us bull market to start only at end of 2020. I don't understand why everybody think we hit the bottom when the technicals are clearly indicating overwise. At the very least we need to close above $4200-$4400 however best would of been to break the $5800-$6000 resistance which was the support we had last year, then I would agree that the bear market is over. But right now we are still getting failed highs and if the $3200 breaks, then we are definately heading below $3000. |
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mornabo
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February 12, 2019, 09:01:36 AM |
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When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018. Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017. I think the strategy is not like that forever, especially when the upward trend occurs. Of course many people will buy at that time, and if you don't buy maybe you will be left behind by the train because you just lost the opportunity, like in 2017. buying when many people buy can also be a good thing, thats why you should see more market first |
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Cherylstar86
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February 12, 2019, 09:13:20 AM |
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When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018. Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017. I think the strategy is not like that forever, especially when the upward trend occurs. Of course many people will buy at that time, and if you don't buy maybe you will be left behind by the train because you just lost the opportunity, like in 2017. buying when many people buy can also be a good thing, thats why you should see more market first Indeed! Volatility is not something to worry much about because it's part of market growth and in gaining profit. I learned to stay more patient and hopeful that market can potentially recover at the course of time, at the same time being strategic as to what are best actions to take during price fall. I also motivate myself to explore inorder to learn more, to discover more creative ideas, to gain knowledge, experience, and be more productive rather than getting stressed out by taking a look at the current state of the market. At the end of the day, it's all in the mindset and on how we respond with these kind of situations with optimism and humility. |
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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February 12, 2019, 09:19:15 AM |
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When everyone around me was buying I should have prepared to sell.
Buy back at the bottom.
That has been the way wise traders trade! If you want to invest and make money you are to be selling when others are buying and buying when others are selling. That is one of the greatest lessons I have learned from 2018. Though it's not that easy to go against the trend since there are also times when it'll produce good results. For me the takeaway is that regardless of what's happening to the market or whatever the trend is, make sure you studied and prepared for what you're going to get yourself into. Most of those that got rekt just jumped into the hype of 2017. When I mentioned everyone I should have said "regular joe". Tells: - If your colleague who has never traded wants to invest. - Your grandma wants to know what Bitcoin is. - Everyone around you is talking Bitcoin - News is all about Bitcoin There are always traders in Bitcoin but once it gets hyped you should get ready to get out. Then when there is a $1000 rise a day and you see "Infinite moneyzzz trollfaces" surround you know it's time to sell ;-) |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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deisik
Legendary
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Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
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February 12, 2019, 11:16:36 AM |
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There are always traders in Bitcoin but once it gets hyped you should get ready to get out.
Then when there is a $1000 rise a day and you see "Infinite moneyzzz trollfaces" surround you know it's time to sell
In practice, this doesn't mean anything Don't be a fool and stop repeating this bullshit which had been used once in order to get away with insider trading (if you you forgot the origin of this "observation"). You should get out when the market is about to crash and get in when it is about to surge. Ironically, both the former and the latter can happen when Bitcoin starts to get hyped a lot, so all in all it doesn't mean anything in particular as it can mean anything in general |
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sirohige
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February 12, 2019, 12:08:05 PM |
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Lesson from the prolonged bear market.
If bottom happened 2 months ago then this bear market was not prolonged. It was almost totally same length as the one in 2014. 13 months. Prolonged bear market would happen if it would last until second half of his year. That would give us bull market to start only at end of 2020. That means that by the end of 2019 this will probably be the end of the bear market and there will be a bull market when early in 2020 which might make the cryptocurrency price to be very expensive and prices recover. |
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gabbie2010
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February 12, 2019, 06:24:49 PM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
Its everyone wish to invest on this bearish market but the uncertainty on when this bearish runs is going to end is sending shivers down my spine knowing the I more I invest down the price goes, although I learnt patience and perseverance during this market as key to massive profits after the price of btc pumps. |
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Tagus45
Copper Member
Jr. Member
Offline
Activity: 275
Merit: 1
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February 12, 2019, 06:43:44 PM |
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I have to open my eyes that getting profit from crypto is not easy, because the market is decreasing, and because of that I have to be more patient.
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1Referee
Legendary
Offline
Activity: 2170
Merit: 1427
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February 12, 2019, 09:35:41 PM |
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I don't understand why everybody think we hit the bottom when the technicals are clearly indicating overwise.
What do the technicals indicate according to you? Do you remember 2017? Techno kiddies called top at pretty much every level and they were wrong consistently till the price touched $20,000 on some exchanges. What you are referring to is more irrational market sentiment. If the price drops 10% from where we are right now, people will believe we're up for way more blood, while if the price pumps with 10% from where we are right now, Bitcoin will rule the world and we'll see $20,000 before the end of the year. In both cases it's the exact same Bitcoin, same fundamentals, etc, but people just lose it. |
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greeklogos
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February 12, 2019, 09:53:33 PM |
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My lesson is that when you see a good price for coin do not be too greedy and sell it without a regret of the price will continue its moving up.
Currently I do not care too much about this long bear market. I simply know that bitcoin will return.
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exstasie
Legendary
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Activity: 1806
Merit: 1521
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February 13, 2019, 08:19:17 AM |
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I don't understand why everybody think we hit the bottom when the technicals are clearly indicating overwise. I see lower highs and lower lows, the long term moving averages pushing price down, and no V-bottom to indicate sellers are finally exhausted. So yeah, the technicals are looking like crap. People are much more bearish than at $6K (a big improvement) but in general still seem too hopeful. More weak hands need to be flushed out it seems.  |
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BlackPanda
Legendary
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Activity: 1414
Merit: 1001
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February 13, 2019, 09:11:43 AM |
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Sincerely, it is not so easy with this long time dump/bear market. Long awaiting promises weakens the heart. I hope guys have learnt their lessons like when next the bull run appears you take the best opportunity and invest for the raining day. What's your lesson too?
A very valuable lesson when we face a bear market is that we learn to deal with difficult situations. Bear market is a situation that is so difficult because we are faced with two different decisions, waiting or making decisions directly is something that must be done quickly. When we can reach this phase we can trade and achieve success. |
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deisik
Legendary
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Activity: 3444
Merit: 1280
English ⬄ Russian Translation Services
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February 13, 2019, 10:55:31 AM |
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People are much more bearish than at $6K (a big improvement) but in general still seem too hopeful. More weak hands need to be flushed out it seems
Did you change your stance too? You are the second poster here who I remember having recently changed their mind in respect to future price action. I recall you were way more optimistic not so long ago. Or did you really expect the last rally to continue up and beyond 4k? I think we should scale down our expectations as well as our perspective on future price. The current range (say, 3-4k) may become our new home for months to come (if not years) |
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exstasie
Legendary
Offline
Activity: 1806
Merit: 1521
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February 13, 2019, 11:15:38 AM |
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People are much more bearish than at $6K (a big improvement) but in general still seem too hopeful. More weak hands need to be flushed out it seems
Did you change your stance too? You are the second poster here who I remember having recently changed their mind in respect to future price action. I recall you were way more optimistic not so long ago. Or did you really expect the last rally to continue up and beyond 4k? Maybe you should re-read what I said. Just because someone thinks a short term bull trap might occur doesn't mean they think the bear market is over. The last rally could easily continue past $4K. I never said it would happen in a day. Every bear market sees strong upwards corrections. If not now, it'll happen sooner or later. A test of the 200DMA or 20WMA, etc. I think we should scale down our expectations as well as our perspective on future price. The current range (say, 3-4k) may become our new home for months to come (if not years)
Why, after 10 years, would Bitcoin's volatility all of a sudden die? Even in 2015 (the sideways bottom), price rose 230% from the bottom. We should certainly not expect a bull market anytime soon, but expecting a never ending tight range is almost as unrealistic. My guess is we'll go both below $3K and above $4K over the next several months. |
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